Register

If you place $1,000.00 in a savings account with an interest rate of 5.25%/month, how much should you earn in interest at the end of the month?

If you place $1,000.00 in a savings account with an interest rate of 5.25%/month, how much should you earn in interest at the end of the month?
asked 6.0k views
4 votes
If you place $1,000.00 in a savings account with an interest rate of 5.25%/month, how much should you earn in interest at the end of the month?

asked
User Hasan Veli Soyalan
by
8.5k points

1 Answer

3 votes
Interest earned=principle×interest rate×time
I=prt
I=1,000×0.0525×1
I=52.5
answered
User SJHowe
by
7.9k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!